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If a is an inferior good and consumer income risesthe demand for a will?
Inferior goodA good for which an INCREASE(decrease) in consumer income will lead to a DECREASE(increase) in demand for that good.Normal GoodA good for which an INCREASE(decrease) in consumer income will lead to a INCREASE(decrease) in demand for that good.
Are consumption and income positively related or are they negatively related?
They are positively, or directly related. An increase in income is associated with an increase in income; a decrease in consumption accompanies a decrease in income.
What is the effect of an increase in consumer income on demand for a good?
They both will increase (or decrease).
How will inflation affect the future?
Your cost of living will increase, your real income will decrease.
What terms is defined as increase or decrease in purchasing power brought on by changing in price?
income effect
If a is an inferior good and consumer income risesthe demand for a will?
Inferior goodA good for which an INCREASE(decrease) in consumer income will lead to a DECREASE(increase) in demand for that good.Normal GoodA good for which an INCREASE(decrease) in consumer income will lead to a INCREASE(decrease) in demand for that good.
Are consumption and income positively related or are they negatively related?
They are positively, or directly related. An increase in income is associated with an increase in income; a decrease in consumption accompanies a decrease in income.
What is the effect of an increase in consumer income on demand for a good?
They both will increase (or decrease).
Do income taxes increase or decrease your gross pay?
Decrease. The tax is taken OUT of the gross leaving a net.
How will inflation affect the future?
Your cost of living will increase, your real income will decrease.
What is the effect on income when service is rendered on credit?
Income from services rendered account will decrease and debtors account will increase
What terms is defined as increase or decrease in purchasing power brought on by changing in price?
income effect
Will a net income of 95000 increase or decrease retained earnings?
Since increases in retained earnings mostly come from income accumulation, a net income of $95,000 will increase retained earnings.
Which-political party benefits more with income increase?
which political party tends to benifit when incomes increase or decrease
An increase in aggregate demand is most likely to be caused by a decrease in?
The tax rates on household income.
What causes the EPS to decrease?
Factors that can cause EPS (Earnings Per Share) to decrease include a decrease in net income, an increase in the number of shares outstanding, or dilution from the issuance of new shares or convertible securities. A decrease in revenue or an increase in expenses can also lead to a decrease in EPS.
If a good is a normal good what will happen to its consumption as income increases?
The definition of a Normal Good is: a good that will increase in consumption as income increases and decrease in consumption as income decreases.
